Inclined, a software company based in Sausalito, California, has launched a new mobile application for iOS devices. The app provides whole life insurance policyowners with real-time, on-demand access to the cash value within their policies, aiming to modernize the process of utilizing these financial assets.
The Inclined mobile app enables approved policyowners to manage their Inclined Line of Credit (iLOC) directly from their smartphones. This development seeks to enhance the speed, transparency, and control associated with accessing a financial asset that has traditionally involved manual and time-consuming processes.
Historically, borrowing against whole life insurance cash value has been a strategy for financially informed individuals, but the procedure often involved extensive paperwork, prolonged processing times, and limited visibility into available funds. The new app is designed to streamline this experience by offering real-time account information and self-service capabilities within a mobile-first interface.
Josh Wyss, CEO of Inclined, stated, “Managing your money today has become a mobile-first experience, and accessing your insurance-backed line of credit shouldn’t be any different. With the Inclined app, policyowners can see and manage their available cash in the same way they manage the rest of their finances.”
The Inclined mobile app aims to provide policyowners with greater oversight and control over their existing financial assets. By reducing friction in the access process, the application allows users to integrate insurance-backed liquidity more effectively into their broader financial planning. Features of the Inclined Mobile App for iLOC clients include instant viewing of account balances and available credit, on-demand fund draws (typically arriving the next business day), flexible payment options, management of linked bank accounts, and secure access to policy and account documents.
This functionality allows policyowners to ascertain their available credit and take action without delays or intermediaries, whether for investments, business expenses, or unexpected needs. The app seeks to help policyowners leverage their capital while retaining the long-term protection and benefits of their whole life policies, transforming what was often an underutilized cash value into an accessible resource.
The launch of the mobile app represents a further step in Inclined’s strategy to modernize the whole life insurance experience. By integrating technology with a traditionally static financial product, Inclined intends to assist policyowners in realizing the living benefits of their policies throughout their lifetime. The Inclined mobile app is now available on the Apple App Store for policyowners with an approved Inclined Line of Credit. More information is available at inclined.com/app.
Inclined focuses on improving long-term outcomes for whole life insurance policyowners through its technology platform. This platform connects policyowners with financial institutions, aiming to lower access barriers, enhance customer experience, and foster competitive rates by collaborating with major whole life insurance carriers.
